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CFTC Chairman Discovers Fire After Spending Decade Trying to Figure Out What Matches Are Made Of

Crypto NewsHackRegulation/Negotiation 2 Sam Rogers August 16, 2024

An illustration: A cartoon figure with a puzzled expression is shown holding an unlit matchstick; flames are erupting from behind him as if suddenly ignited; in the background there's a faint image of a digital clock ticking away rapidly. The character appears to be caught off guard by the fire, and his eyes widen in surprise while he takes a step back with one hand still grasping the matchstick. A subtle hint of smoke is rising from the flames as they engulf him; nearby are scattered papers or documents that seem to have been blown about by an unseen force.

Here’s a summary that will make you laugh: The CFTC Chairman is finally catching on – Bitcoin and Ether are commodities, just like everyone else has been saying for years! But let me guess… it takes him almost 9 whole years to figure this out? Wow, what an accomplishment. Meanwhile, the rest of us have been warning about crypto’s volatility and scams since day one

Source: bitcoin.com

CFTC Chair Pushes for Federal Legislation to Regulate Bitcoin and Ether as Commodities
https://news.bitcoin.com/cftc-chair-pushes-for-federal-legislation-to-regulate-bitcoin-and-ether-as-commodities
During his Senate testimony, the chairman of the Commodity Futures Trading Commission (CFTC) emphasized the necessity of federal legislation to regulate digital commodities such as bitcoin and ether. Citing market volatility and fraud, the chairman advocated for expanded regulatory powers to safeguard investors and maintain financial stability. He also referenced a recent court ruling that reaffirmed the status of the two largest cryptocurrencies as commodities. The chairman of the Commodity […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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